Cross Selling Products
SBI Mutual Funds
Bank is corporate agent of SBI Mutual Fund Management Ltd. and distributing various products through bank branches. Bank is mainly distributing following products: -
1. Magnum Income Fund
Open ended debt scheme, minimum investment Rs.2000/-, 100% in debt & money market instrument.
2. Magnum Gilt Fund
Open ended debt scheme, minimum investment Rs.100000/- (dividend), Rs. 25000/- (growth), 100% in govt. securities.
3. Magnum Monthly Income
Fund
Open ended debt scheme, minimum investment Rs.10000/- multiple Rs. 500/- 85% in debt, 15% in equity.
4. Magnum Children's Benefit Plan
Open ended debt scheme, minimum investment Rs.1500/- multiple Rs.500/-, 75% in debt, 25% equity.
5. Magnum Index Fund
Open ended equity scheme, minimum investment Rs.5000/- multiple Rs.1000/-,
100% in equity.
6. Magnum Income Plus
- Saving Plan
Open ended debt scheme, minimum investment Rs.25000/- multiple Rs.5000/-,
100% in debt & money market instrument.
- Investment Plan
80% debt and 20% equity.
7. Magnum NRI Investment Fund
ยท
- Flexi Asset Plan
Open ended debt & equity scheme, minimum investment Rs.50000/- multiple Rs.1000/-,
10% to 80% in equity
- Long Term Bond Plan
90% to 10% in Debt.
100% in debt and money market instrument.
- Short Term Bond
100% in money market instrument & debt.
Features for All Schemes :
1. Dividend Tax Free.
2. No TDS on Capital Gains.
3. NAV declaration on daily basis (all business days).
4. Nomination available.